PFC signs MoU with Ministry of Power

Published on September 30, 2020
Current Context: The Power Finance Corporation (PFC) has signed MoU with the Ministry of Power, GOI to detail the targets to be achieved by PFC during FY 2020-21. 
PFC signs MoU with Ministry of Power
  • Government of India has set a revenue target of Rs 36,000 crores for the current financial year. 
  • Along with this revenue target, GOI has also set performance-related targets, which are to be achieved during this fiscal year.
  • The performance related targets set for current fiscal year, defined by GOI are Operating profit as a percentage of revenue from operation, Profit After Tax (PAT) as a percentage of average net worth and non-financial parameters related to Integrated Power Development Scheme (IPDS).
  • The MoU agreement was signed by Sanjiv Nandan Sahai, Secretary of Power, GOI and R S Dhillion , CMD of PFC.
  • Static Part: 
    • HQ of PFC: New Delhi
    • CMD of PFC: R S Dhillion
    • Minister of State (IC) of Power: Raj Kumar Singh

Question: 

Q.1 Who among the following signed MoU with Ministry of Power to detail the targets to be achieved in fiscal year 2020-21?
a. Power Grid Corporation of India
b. Power Finance Corporation
c. NTPC Ltd
d. GAIL

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